Transparency Market Research has published a new report titled “Biochar (Feedstock: Woody Biomass, Agricultural Waste, Animal Manure, and Other Feedstock); Application: Electricity Generation, Agriculture, Forestry, and Other Applications) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.” According to the report, the global biochar market was valued at US$ 444.2 thousand in 2016 and is projected to reach US$ 14,751.8 thousand by 2025, expanding at a CAGR of 14.5% between 2017 and 2025.

North America leads the global biochar market in terms of volume and value and accounted for more than 50% share of the global biochar market in 2016. High demand for biochar production in agriculture, forest industries, generating electricity from bio based sources has been the major factor driving the demand for biochar market in North America since the last few years. Exponential growth in the biofuel sector in Europe and Asia Pacific is projected to boost the demand for biochar market in the near future. The biochar market in Latin America is expected to exhibit stable growth during the forecast period. Middle East & Africa is likely to provide promising growth opportunities for the biochar market in the next few years.

Promoting bio based fuel, utilizing waste as feedstock, soil amendment, carbon sequestration, increasing water efficiency, climate change mitigation and environmental benefits are the key factors propelling the demand for biochar in the market across the globe. The U.S. constituted substantial share of the global biochar market in 2016. Expansion in the bio fuel sector and growing environmental concerns are the prominent factors augmenting the demand for biochar market worldwide. Furthermore, increase in demand for biochar in agricultural, forestry, is expected to drive the market during the forecast period. Biochar blended and is used as fertilizers is also anticipated to grow in the near future. The biochar market in China, Japan and India is expanding at significant rate. This is anticipated to offer growth opportunities for biochar market in China, Japan and India during the forecast period.

U.S. and the U.K. held large share of the biochar market in North America and Europe respectively in 2016. Europe followed North America in terms of consumption of biochar in 2016. Countries such as thr U.K., Germany, and Spain constituted more than 50% share of the consumption of biochar in Europe in 2016. Thus, the biochar market in the region is projected to expand at a steady rate in the near future. Increase in biochar production in countries such as China, Japan, Thailand, and Malaysia is estimated to propel the Asia Pacific biochar market during the forecast period. End-users such as agricultural and forestry sector in Brazil and Mexico, are likely to provide ample growth opportunities for the biochar market in Latin America.

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The global biochar market has been divided into the following segments:

Global Biochar Market – Feedstock Type Analysis

Woody Biomass

Agricultural Waste

Animal Manure

Others

Global Biochar Market – Application Analysis

Electricity Generation

Agriculture

Forestry

Others

Global Biochar Market – Regional Analysis

North America

U.S.

Canada

Europe

Germany

U.K.

France

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

ASEAN

Rest of Asia Pacific

Middle East & Africa

South Africa

GCC

Rest of Middle East & Africa

Latin America

Mexico

Brazil

Rest of Latin America

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